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WASHINGTON, United States (AFP) — Just as an oil tanker steaming ahead at full speed cannot stop immediately, so the dramatic rise in sea levels will continue even if the world manages to slash greenhouse gas emissions to zero by 2030, experts warned in a study published Monday. Emissions between 2015, when the Paris climate change accord was thrashed out, and 2030 would be enough to raise levels by eight centimeters (3.1 inches) by 2100, […]
HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]
“We will live in peace and guarantee peace for the next generation,” he says (Eagle News) — President Rodrigo Duterte on Tuesday promised the people in Marawi their city would be “prosperous” again, saying he would do everything within his power to enable its rehabilitation and reconstruction. “One thing I will promise you, my brother Moro, I will see to it that Marawi will rise as a prosperous city again. Maghanap ako ng pera. (Sabi ko kay […]
BEIJING, China (AFP) — Output by Chinese factories and workshops topped expectations in May, but officials warned on Wednesday of lingering “unstable and uncertain factors” at home and abroad. The reading on industrial production, a key engine of growth, comes as Beijing wrestles with huge debt and excess capacity left over from massive government-backed infrastructure spending at the height of the global financial crisis. There have been renewed concerns about the strength of the world’s […]
HONG KONG, China (AFP) — Most Asian markets rose Tuesday but investors remain on edge over geopolitical tensions with US-Russian relations strained by last week’s Syria strike and sabre-rattling on the Korean peninsula. While stocks pared the initial plunge that met news of the US missile attack on a Syrian airbase, the brewing crisis is keeping dealers on edge heading into the company earnings season. President Donald Trump’s administration has rankled Moscow by saying it […]
BEIJING, China (AFP) — China’s defense budget will rise seven percent to $151 billion this year, the slowest annual percentage increase since 1991 and roughly in line with decelerating economic growth, Bloomberg News reported Monday. The budget is normally included in public documents released at the opening of the country’s 10-day annual legislative session, which began Sunday, but was absent this year, adding to perennial concerns abroad over Chinese military transparency. The 2017 budget will […]
The National Economic Development Authority warns that the price of basic goods will continue to rise because of El Niño and the weakening of the peso.
